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Omega Technologies Year Reported Revenue Actual Revenue Reported Expenses Actual Expenses 2021 $2,200,000 $1,900,000 $1,100,000 $1,200,000 2022 $2,800,000 $2,500,000 $1,300,000 $1,400,000 Requirement: Identify the discrepancies

Omega Technologies

Year

Reported Revenue

Actual Revenue

Reported Expenses

Actual Expenses

2021

$2,200,000

$1,900,000

$1,100,000

$1,200,000

2022

$2,800,000

$2,500,000

$1,300,000

$1,400,000

Requirement: Identify the discrepancies in reported vs. actual revenue and expenses for each year and provide an analysis of their financial impact.


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